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Preferred Rewards for Business Program Details

Logo for Bank of America Preferred Rewards For Business

Benefits that
grow with
your business

Benefits that grow with your business

There are 3 tiers in the Preferred Rewards for Business program – Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America® business deposit and/or Merrill® business investment accounts.

Once you’re a member, you can move from tier to tier.

  • You’ll keep your program benefits for at least a full year, so no need to worry if your balances dip temporarily.
  • If your balances increase and qualify you for a higher tier, you’ll automatically move to the next level of rewards
Review the program FAQs to learn more about maintaining your program benefits, including annual reviews and tier increases.
There are 3 tiers in the Preferred Rewards for Business program – Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America® business deposit and/or Merrill® business investment accounts.

Once you’re a member, you can move from tier to tier.

  • You’ll keep your program benefits for at least a full year, so no need to worry if your balances dip temporarily.
  • If your balances increase and qualify you for a higher tier, you’ll automatically move to the next level of rewards
Review the program FAQs to learn more about maintaining your program benefits, including annual reviews and tier increases.
Gold
Platinum
Platinum Honors Platinum Honors Platinum Honors
3-month combined average daily business balance
Gold $20K to < $50K
Platinum $50K to < $100K
Platinum Honors $100K+
No fees on select banking services
Gold
  • Monthly maintenance fees (4 checking and 4 savings)
  • Inbound domestic wire transfer fees
  • Stop payment fees
  • ATM/debit card replacement fees
  • Cashier’s check fees
  • Check image fees
  • Check copy fees
Platinum Gold tier benefits
+ Inbound international wire transfer fees
Platinum Honors Platinum tier benefits
+ 4 online outbound wire transfer fees per statement cycle
Rewards Bonus on eligible business credit cards
Gold 25%
Platinum 50%
Platinum Honors 75%
Professional Advice – a complimentary analysis with a Merrill® Financial Solutions Advisor
Gold Yes
Platinum Yes
Platinum Honors Yes +
Interest Rate Booster on Business Advantage Savings accounts
Gold 5%
Platinum 10%
Platinum Honors 20%
Interest Rate Discounts on Business Advantage Credit Line, Term Loan and Secured Lending
Gold 0.25%
Platinum 0.50%
Platinum Honors 0.75%
Interest Rate Discounts on Business Advantage Auto Loans
Gold 0.25%
Platinum 0.35%
Platinum Honors 0.50%
Interest Rate Discounts on Commercial Real Estate Loans
Gold 0.25%
Platinum 0.35%
Platinum Honors 0.50%
Payroll service fee credit for eligible monthly payroll service
Gold $10
Platinum $15
Platinum Honors $20
Interest Rate Discounts for Practice Solutions clients
Gold 0.25%
Platinum 0.30%
Platinum Honors 0.35%
Non-Bank of America ATM Transactions
Gold N/A
Platinum No-fee ATM transactions:
Up to 12/year
Platinum Honors No-fee ATM transactions:
Unlimited
Priority Client Service through 888.BUSINESS (888-287-4637)
Gold Yes
Platinum Yes
Platinum Honors Yes

Become a Preferred Rewards for Business member

There’s no fee to join or participate in the program. Here’s all you need to become a member:

  • An active, eligible Bank of America business checking account
  • A 3-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts

Get started now

Become a Preferred Rewards for Business member

There’s no fee to join or participate in the program. Here’s all you need to become a member:

  • An active, eligible Bank of America business checking account
  • A 3-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts

Sign in to Online Banking to see if you qualify »


Speak with a Small Business Specialist to get started today

Schedule an appointment now or call 888.BUSINESS (888.287.4637)

Not an Online Banking Customer?

Enroll in Online Banking »

Don’t have a business checking account?

Learn more about business checking »


. Sell trades are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principle. There are costs associated with owning ETFs. To learn more about Merrill pricing, visit merrilledge.com/pricing.

Cards not eligible for the Rewards Bonus:

  • Non-rewards credit cards (Bank of America Platinum and Platinum Plus for Business cards)
  • Personal or consumer-purpose credit cards
  • Business Advantage Cash Rewards 123 w/50% bonus
  • Business Advantage Travel Rewards w/50% bonus
  • Merrill branded Merrill Rewards for Business Card
  • Alaska Airlines®
  • Asiana Airlines®

Business Banking, Global Commercial Banking, Global Corporate Investment Banking or Institutional clients are not eligible to participate in the program. This list is subject to change without prior notice.